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Platts Market Insight: Oil prices race ahead as vaccine rollout gathers pace
OIL prices are racing ahead, supported by optimism around the vaccine rollout and fresh evidence of their efficacy in preventing infection. Israel, the country with the fastest rate of vaccination, aims to attain herd immunity by March.
GLOBAL MARKETS: Stocks edge down as investors hit pause, watch bond yields
NEW YORK: Global equity markets were little changed on Tuesday as Wall Street retreated and investors took stock of gains from Monday's surge, pausing to gauge whether a bond yield jump had run its course.
Bursa Malaysia embarks on new strategic road map
PETALING JAYA: Bursa Malaysia Bhd has embarked on a new strategic roadmap that will outline its goals and key initiatives over the next three years.
Call for businesses to tap into vast global halal market
KUALA LUMPUR: Malaysian businesses must actively tap into global halal market opportunities as they increasingly look outside the country’s borders for growth, according to speakers at the recent Export Excellence Awards (EEA) 2021 webinar.
Australia’s central bank to keep three-year yields low
SYDNEY: Australia’s central bank has re-committed to keeping interest rates at historic lows as policymakers battle to stop surging bond yields from disrupting the country’s surprisingly strong economic recovery.
China's Nine Dragons Paper investing RM5.4bil in Malaysia
KUALA LUMPUR: Nine Dragons Paper (Holdings) Ltd, the largest paperboard producer in Asia, is investing RM5.4bil into two manufacturing facilities in Malaysia.
CBOE seeks approval for bitcoin ETF as price rises
NEW YORK: CBOE global markets is seeking approval from the US Securities and Exchange Commission (SEC) to list a bitcoin Exchange Traded Fund (ETF), according to a filing, the latest attempt to launch such a product in the United States.
Approved investments at RM164bil in 2020
KUALA LUMPUR: Malaysia recorded RM164bil in approved investments through 4,599 projects in the manufacturing, services and primary sectors in 2020, with China as the top investor, according to the Malaysian Investment Development Authority’s (Mida) data.
Improving corporate earnings boon to market
PETALING JAYA: The improving corporate earnings, supported by the reopening of the economy as the Covid-19 vaccination programme expands, will help lift the Malaysian equity market.
Bank Negara seen holding key rate tomorrow
KUALA LUMPUR: Bank Negara is expected to leave its key interest rate steady tomorrow, according to a Reuters poll, as a slowdown in new coronavirus infections and a recently launched vaccination drive boost confidence in the economic recovery.
